Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Purchased by Walnut Private Equity Partners LLC

Walnut Private Equity Partners LLC lifted its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,000 shares of the utilities provider’s stock after purchasing an additional 25,000 shares during the period. Brookfield Infrastructure Partners accounts for 1.7% of Walnut Private Equity Partners LLC’s holdings, making the stock its 9th biggest holding. Walnut Private Equity Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $3,179,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BIP. Cedar Mountain Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth approximately $26,000. Dunhill Financial LLC acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at $30,000. Truvestments Capital LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at $77,000. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $101,000. Finally, Eastern Bank acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $158,000. Institutional investors own 57.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Raymond James upped their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Tuesday. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure Partners presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Brookfield Infrastructure Partners Stock Up 3.9 %

Shares of NYSE:BIP opened at $33.60 on Friday. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The stock’s 50 day moving average is $32.99 and its 200-day moving average is $32.80. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 4.82%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.